Bitcoin mining giant Poolin files for Chapter 11 as $173.1M in asset liabilities raises concerns
Did Poolin's wallet business have a greater role in its closure than its mining operations?
Quick take
Read original at AMBCrypto Poolin, a Singapore-based Bitcoin mining giant, has filed for Chapter 11 bankruptcy in the US, citing $173.1 million in asset liabilities. The company's subsidiaries, Lonestar Dream Inc. and Lonestar Taproot LLC, are also included in the filing. Poolin's unsecured debts total $163.7 million, primarily owed to Poolin Wallet users.
Summarised by netranta from AMBCrypto. Open the original for the full story.
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